British brainpower

26 February 2020 By Karen Kwok Follow @KarenKKwok

The private equity giant is buying iQ Student Accommodation for $6 bln from Goldman Sachs in what it calls the biggest private UK real estate deal ever. It’s a play not on whether Brexit is a boom or a bust – but rather the continuing global allure of a proper English education.

This content is for Subscribers only

Context News

Blackstone, the U.S. private equity group, agreed on Feb. 26 to pay 4.66 billion pounds ($6.06 billion) for UK-based iQ Student Accommodation, which was owned by a Goldman Sachs merchant banking unit and medical charity Wellcome Trust.

A statement from iQ said that it is the largest-ever private real estate transaction in the UK and is subject to regulatory approval.

The student accommodation company owns and manages more than 28,000 beds across Great Britain, with assets mostly concentrated in London, where iQ is the largest owner of student accommodation.

Email a friend

Please complete the form below.

Required fields *